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Income Tax - Highlights / Catch Notes

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TP Adjustment - Addition towards interest on receivables - ...

Income Tax

April 14, 2023

TP Adjustment - Addition towards interest on receivables - though the assessee was required to maintain the T.P. Study and file the same before the TPO to show that the assessee’s transactions with it’s A.E. were at Arms Length however, nothing has been brought to our notice that the assessee has brought any comparable instance. - additions confirmed - AT

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